Reviews
OFW Loans Updated: 14. 04. 2026

PSBank OFW Loan – review 2026

4,0 / 5

PSBank, a subsidiary of Metrobank Group, offers OFW personal loans from PHP 20,000 to PHP 500,000 at monthly add-on rates from 1.39%, accepting POEA-processed contracts and remittance records as income documentation. Applications can be submitted at PSBank branches nationwide, with a beneficiary or attorney-in-fact authorized to process on the OFW's behalf within the Philippines. PSBank is a BSP-supervised thrift bank and part of the GT Capital Holdings financial group.

Pros

  • Part of established Metrobank financial group
  • Monthly rates from 1.39% competitive for commercial OFW lenders
  • Loans up to PHP 500,000
  • Beneficiary can process application locally
  • BSP-supervised thrift bank

Cons

  • Processing takes 7-10 banking days
  • Requires co-borrower or attorney-in-fact in Philippines
  • Fewer branches than parent Metrobank
  • Rate may increase to 1.80% for longer terms
  • Does not accept irregular OFW employment structures

Requirements

  • Active OFW aged 21-65 with POEA-processed employment contract
  • Valid passport, OEC and work visa
  • Minimum net monthly income USD 400 or equivalent
  • Co-borrower or beneficiary in Philippines
  • Valid ID for beneficiary and notarized SPA

Company information

Name
Philippine Savings Bank (PSBank)
Address
PSBank Center, 777 Paseo de Roxas corner Sedeño Street, Makati City, Philippines
Web

Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.